Agricultural Development Bank: Credit Support For Cotton Quality Inspection System Reform

The head office of the Agricultural Development Bank issued a notice on the credit support for cotton quality inspection system reform recently (hereinafter referred to as the notice), requiring all levels of banks to recognize the situation, take effective measures to increase support, and actively promote the effective implementation of the national cotton quality inspection system reform policy.

The notice pointed out that as the main channel of cotton purchasing capital supply, cotton purchasing and selling enterprises are important customer groups of the agricultural development bank. The cotton quality inspection system reform is closely related to the cotton purchase and credit business of the agricultural development bank.

Banks at all levels should attach great importance to and fully understand the impact of cotton quality inspection reform on cotton purchase loans. We should further improve our understanding of the cotton quality inspection system reform, plan carefully, and study and improve measures in advance.

Judging from the current situation, the implementation of the cotton quality inspection system reform will make the agricultural development bank face two main problems.

First, due to historical reasons, the current cotton purchase loan customer structure of the agricultural development bank still has the problem of mutual adaptation with the cotton quality inspection system reform and cotton purchase needs.

Two, because customers are not included in the planning, they can not get the qualification of cotton processing, which may bring some risks to the agricultural development bank loan.

The notice stressed that all levels of banks should make overall planning and rational layout, and do a good job in cotton credit during the pitional period.

First, the loan customers of the agricultural development bank who have not yet been included in the cotton quality inspection system reform plan should actively support their planning.

In line with the local development and Reform Commission, according to the local cotton production and distribution, we should reasonably arrange and adjust the layout of the new system enterprises so as to prevent the occurrence of regional acquisition gaps.

On the basis of careful and thorough investigation, combined with the situation of cotton purchase and loan customer structure in the region, we will conduct an enterprise analysis of the loan customers who are not included in the planning, clarify the credit support strategy, and implement the classified guidance.

The two is for those who have been included in the cotton quality inspection system reform plan but have not yet implemented the technical pformation of the agricultural development bank loan customers, we should actively support the completion of the technical pformation.

It is necessary to provide loans for technical and equipment pformation of cotton enterprises in a timely manner to customers who operate normally and actively cooperate with credit supervision, and mainly support their capital needs for updating large balers, and urge them to complete the pformation before the end of the pition period.

For enterprises that have already provided loans for technical and equipment pformation of cotton enterprises, it is necessary to give priority to determining their qualifications for acquiring cotton loans.

Three, it is for the agricultural development bank loan customers who really can not be included in the cotton quality inspection system reform plan before the end of the pitional period. They should reorganize or withdraw voluntarily according to the specific circumstances.

Four, the non-agricultural loan clients who have completed the reform of cotton quality inspection system will be given preferential support in a planned way according to the principle of not leaving the blank spot.

We should conduct an enterprise investigation and evaluation of the enterprises that have completed the reform of cotton quality inspection system, but have not established credit relations with the agricultural development bank. According to the layout requirements of purchasing funds supply and the amount of local cotton purchase, we will give credit support to the conditions of cotton purchase loans.

The notice stressed that as a member unit of the cotton quality inspection system reform, all levels of banks should attach great importance to it, take the initiative to participate in it, plan carefully, strengthen communication and coordination with local governments, actively participate in the local cotton quality inspection system reform, and strive to maintain the stability of the cotton purchasing market.

At the same time, we should seriously analyze the impact of the cotton quality inspection system reform on the acquisition and credit work of the Agricultural Development Bank, timely report to the local government about the reform of the agricultural loan enterprises, and do a good job of market analysis and prediction, so as to prevent the regional "cotton sale" problem.

For the various problems encountered by the Agricultural Development Bank in the process of reforming the quality inspection system, the bank should take the initiative to report to the higher authorities and solve them in time. Major events should be reported to the head office step by step.